When the Dow Drops, Expect a Flood of Fraud Claims
Today, the DOW Jones Industrial Average temporarily fell 465 points, roughly 3.8% of Monday’s close. When the market falls like this, lots of shares will have sold at a loss, locking in investor “damages” equal to the original purchase price minus the sale price. Company executives, boards and auditors should brace for impact as the […]
Scientific-Atlanta Off the (Private) Hook in Fraud Case
The corporate defense bar should be smiling today. Yesterday, the U.S. Supreme Court declined to make it easier — not the same as “made it harder,” as some commentators may claim — for investors to get relief in federal securities fraud cases.
IRS Ramps Up Whistleblower Effort
Ever thought of becoming a tax collector? Practically anyone can take a shot at it these days, thanks to a little known provision in the Tax Relief and Health Care Act of 2006.
